| Tittel: | Taxing Dividends in the Nordics: Norway, an Oddity? | | Ansvar: | Frederik Zimmer | | Forfatter: | Zimmer, Frederik  | | Materialtype: | Artikkel - elektronisk | | Signatur: | Nordic tax journal | | Utgitt: | Stockholm : Nordic Tax Research Council, 2024 | | Omfang: | 18 sider | | ISBN/ISSN: | 2246-1809 | | Serie: | Nordic Tax Journal ; 1/2024 | | Emneord: | Skatterett | | Geografiske emneord: | Norge | | Note: | Open access, Attribution 4.0 International (CC BY NC ND 4.0)
Utgis av Sciendo. | | Innhold: | Abstract:
The Norwegian dividend tax regime is uniquely characterized by the so-called shielding allowance, which implies that the shareholders are entitled to receive a nearly risk-free yield of the investment without tax, unlike the rest of the dividend. This article attempts to evaluate the arguments behind these rules. These arguments are embedded in economic theory on neutrality; in particular, the issue is to what extent the dividend tax increases the financial costs of a company. The Norwegian and international debates among economists show that the central issue today is to what extent the company’s financial cost is decided on international or domestic financial markets. In the former case, the Norwegian dividend tax does not affect the company’s financial cost. Arguments against the shielding allowance regime are also evaluated. The article ends with a brief discussion of a recent proposal to extend the shielding allowance regime to all types of capital income or to some of them.
Keywords: Dividend Tax; Shielding Allowance; Financial Costs of Companies; Nordic Comparison | | Del av verk: | Nordic tax journal 1/2024 |
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